https://www.taxtmi.com/caselaws?id=408893 The Tribunal dismissed the application under Section 7 of the Insolvency & Bankruptcy Code due to being time-barred under the Limitation Act, 1963. Despite partial payments made by the Corporate Debtor to the Financial Creditor, the application was found to have exceeded the limitation period, rendering it not maintainable. The Tribunal held that the subsequent payments did not extend the limitation period as per the Act, leading to the dismissal of the application solely on grounds of limitation. en-us Wed, 09 Jun 2021 00:00:00 +0530 Thu, 24 Jun 2021 08:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408893 The Tribunal dismissed the application under Section 7 of the Insolvency & Bankruptcy Code due to being time-barred under the Limitation Act, 1963. Despite partial payments made by the Corporate Debtor to the Financial Creditor, the application was found to have exceeded the limitation period, rendering it not maintainable. The Tribunal held that the subsequent payments did not extend the limitation period as per the Act, leading to the dismissal of the application solely on grounds of limitation. Case-Laws Insolvency and Bankruptcy Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408893